#BTC 5 ways to to stop loosing money:

Things I learned in 7 years of trading crypto:

1. money & risk management

"Never put all of your eggs in the same basket". Split your money for example:

- 50% in spot (40% in main coins, 10% in new projects with high potential).

- 25% into day trading if you want to trade

- 25% keep into usdt, another stable coin or in fiat. this is for buying the dip if it goes down even lower, and for your own sanity in case something bad happens and you get locked in at a low price for longer periods of time. It is also for adding margin in case one of your margin/futures leveraged positions go really low.

2. Don't trade with leverage higher than 5x on main coins and 3x max on high level altcoins. No leverage on meme coins.

3. DYOR (do your own research) and check audits before you buy in on any new ICOs because some are scams, rugpulls, honeypots, or tokens that have methods that can manipulate the supply at will.

4. DCA, grids and rebalancing, can help you passively increase your holdings over time by taking advantage of price swings and sideways markets

5. Managing emotions: don't trade out of fear, fomo or greed when the prices are at disadvantageous levels. Write down a plan, a strategy and follow it religously to avoid impulsive trading.

I will continue posting advices based on my experience holding, trading, and as a programmer backtesting, coding automated and assisted trading systems, bots and trading tools.

FOLLOW ME for more insights. Feel free add your opinion and keep in touch.